Amid restructuring, Corbion urged to seek other options – BakingBusiness.com

SAN FRANCISCO With a large investor calling for Corbion NV to explore strategic alternatives, the company is committed to moving forward on a far-reaching restructuring program. While Amsterdam-based Corbion first announced the restructuring plan in October, launching it in response to soft weak financial results, details about the plan were shared in response to a…

Exploring the synergy between Environmental, Social, and Governance (ESG) and Transfer Pricing – ET Edge – ET Edge Insights

As MNCs strive to align their transfer pricing policies with their global ESG initiatives, they must navigate complexities In recent years, the intersection of ESG considerations and Transfer Pricing has emerged as a critical focus area for companies operating in the global marketplace. ESG factors encompass a diverse range of issues encapsulating environmental sustainability, social…

UPDATE 2-FMC initiates global restructuring plan, layoffs in Brazil unit – Yahoo Finance

(Adds details in paragraph 3 and 6) Dec 18 (Reuters) – Crop protection products maker FMC said on Monday it has initiated layoffs in its Brazil business and a global restructuring plan, in response to the unprecedented global downturn in the sector. Worries over supply chain disruptions following the pandemic had prompted distributors to stock…

Liz Osborne Quoted by Legal Business on Industry Trends for Restructuring – Akin Gump Strauss Hauer & Feld LLP

Akin financial restructuring partner Liz Osborne has been quoted in Legal Business article A new era of stress: Perspectives from City restructuring partners and what to expect from 2024.  The article explores some of the key themes of restructuring in 2023 and looks ahead to the coming year. Reflecting on the activity of the past…

Small business restructuring in Australia: Two years on, is the new process working as intended? – Norton Rose Fulbright

From 1 January 2021, Australias insolvency framework for small businesses changed. The purpose of the change was to assist small businesses, with debts under AUD $1 million, to survive specifically, by providing these businesses with simpler, more flexible restructuring options outside the existing one size fits all voluntary administration and scheme of arrangement processes available…

Non-Financial Liabilities and Effective Corporate Restructuring The FinReg Blog – Sites@Duke

The system for managing corporate insolvency varies in fundamental ways between countries, with important effects on economic outcomes. Chapter 11 of the U.S. Bankruptcy Code forms the legal basis of the successful American regime, which can handle distress in a formal process without liquidating assets, closing businesses, and with limited job losses. Many countries aim…

Petrofac hires Moelis and Teneo to advise financial restructuring – Consultancy.uk

The board of London-listed energy services company Petrofac has selected Moelis & Company and Teneo as advisors to its major restructuring overhaul. Petrofac, a company that offers services related with oil and other energy infrastructure, recently announced that it is exploring the sale of non-core assets in order to address a reduction in cash flow.…

Exclusive: Udaan fires 100-120 employees post-restructuring biz verticals – ETRetail

New Delhi: B2B e-commerce platform Udaan has laid off 100-120 employees, people aware of the developments told ETRetail. The layoffs come post-consolidation of Udaans two business verticals essentials and discretionary. In September, the e-commerce major announced organisational changes in an attempt to drive efficiency by merging and consolidating its essentials business with the discretionary business.…

Instafreight files for insolvency but founder Ortwein hopes for restructure – theloadstar.com

Instafreight has filed for insolvency with a court in Germany but its founder remains confident that restructuring could see the business continue. Having filed at the Berlin-Charlottenburg bankruptcy court on Wednesday, it was reported that while its 3PL forwarding division had been temporarily discontinued, its 4PL transport management unit would operate as normal. Yesterday, The…